Gold prices in Karachi dropped steeply over two consecutive days, with the tola price falling by Rs15,800 as international bullion markets weakened. The All Pakistan Sarafa Gems and Jewellers’ Association said the 24-karat rate lost Rs4,900 on Friday, leaving it at Rs411,636 per tola.
The association also reported that ten grams of gold declined by Rs4,201 to Rs352,911. The previous session had already seen a Rs10,900 cut, when the tola rate stood at Rs416,536.
Live ratesGold rate today in Pakistan: 24K, 22K and 21K per tola →
Silver and global bullion prices also decline
Silver followed the same downward path in the domestic market. A tola of silver lost Rs111 to reach Rs5,467, while ten grams dropped Rs95 to Rs4,687.
Also read: Gold and silver prices drop sharply in Pakistan on Friday
Overseas, gold slid $49 per ounce to $3,891, according to the association’s figures. International silver fell $1.11 an ounce to $49.89.
Stock exchange closes trading week higher
Stocks moved in the opposite direction. The Pakistan Stock Exchange ended the trading week on a positive note, with the benchmark KSE-100 Index gaining around 500 points to close at 177,873 points, according to the figures provided.
